Fact check trump on taxes, women, russia probe national journaltimes.com gas gas

TRUMP, asked about the $20 trillion U.S. debt and his tax overhaul’s effect on it: "Well this is going to bring money in. As an example, $4 trillion will come flowing back into the country. That’s money that’s been stuck overseas for years and years." — to reporters Saturday.

Second, $4 trillion is a generous estimate of the money that might return. He’s referring to profits that U.S. companies have been parking overseas to avoid the higher U.S. corporate tax. The lowering of that rate is bound to result in some of those profits coming back to the U.S. That could be in the ballpark of $2.5 trillion, perhaps more. But low taxes on those profits mean repatriation won’t bring much relief to a forecast that the debt will swell from his tax cuts.

A 2004 law temporarily cut taxes on repatriated profits to 5.25 percent from 35 percent. That prompted 843 companies to bring back $312 billion. But those companies tended to use the money to buy back shares of their own stock, not to hire or expand operations.

TRUMP: "Despite thousands of hours wasted and many millions of dollars spent, the Democrats have been unable to show any collusion with Russia – so now they are moving on to the false accusations and fabricated stories of women who I don’t know and/or have never met. FAKE NEWS!" — tweet Tuesday.

Despite thousands of hours wasted and many millions of dollars spent, the Democrats have been unable to show any collusion with Russia – so now they are moving on to the false accusations and fabricated stories of women who I don’t know and/or have never met. FAKE NEWS!— Donald J. Trump (@realDonaldTrump) December 12, 2017

THE FACTS: There’s no question he met and knew women who have accused him of sexual misconduct, whatever the truth of the allegations. Two were contestants on "The Apprentice," the show he hosted. Another woman was a People magazine journalist who interviewed him. Another was a would-be business partner with whom he posed for a photo. Another was a Miss Finland who appeared on David Letterman’s former late-night TV show with him and has a photo of the two of them. Also: a porn actress and director who shows up in a photo with him, and a former Fox News host who had lunch with him.

Of those three, one was a Miss USA contestant when Trump was running the pageant and another worked at Trump Tower. Neither circumstance, by itself, proves that Trump met them. But no one has refuted their accounts or the account of the third woman, who said Trump groped her when they were seatmates on a flight in the 1980s. More than a dozen women have alleged inappropriate behavior by Trump. He has denied all allegations of sexual misconduct.

President Donald Trump speaks during an event on federal regulations in the Roosevelt Room of the White House, Thursday, Dec. 14, 2017, in Washington. "Let’s cut the red tape, let’s set free our dreams," Trump said as he symbolically cut a ribbon on stacks of paper representing the size of the regulatory code. (AP Photo/Evan Vucci) Evan Vucci

All federal rules are supposed to have some economic benefit. Rules that are meant to clean up streams have a cost to industry, the government or both but also an anticipated benefit to local businesses from increased tourism, for example. The government has yardsticks to measure such gains. For one, it attaches a value to a human life. The Transportation Department, for example, set that value at $9.6 million in 2016.

So a rule that protects health, the environment or public safety and is projected to save lives as a result can be credited with an economic gain of $9.6 million or so per person saved. It’s an imprecise measure but one baked into cost-benefit calculations that are used in federal rule-making. Other economic benefits are looked at, too, such as whether a regulation will save consumers money or reduce how much sick leave employees need to take.

The administration contends that it has completed 67 deregulatory actions and three regulatory actions through the end of September that will result in a cost savings of $570 million a year. But that figure does not include the offsetting of benefits that will now be missed because those rules are gone. The White House Office of Management and Budget confirmed that foregone benefits from retracted or modified rules are not part of that calculation.

THE FACTS: Not really. It’s true that growth cooled in 2016, but other measures showed improvement or held steady in President Barack Obama’s final year. For example, hourly wages perked up in 2016, increasing 2.9 percent in December 2016 from a year earlier. Wage growth has since slipped to a 2.5 percent annual pace.

According to the Census Bureau, median household income rose at a healthy clip in 2016 for the second year in a row, finally matching its 1999 peak. The economy expanded just 1.5 percent in 2016, down from 2.9 percent in 2015. Consumers and businesses are more optimistic after Trump’s election, and that is probably accelerating growth this year. But the economy was not collapsing or heading to recession in 2016.